August 16, 2022

Shares of 3M Co. MMM rallied 1.06% to $168.40 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.66% to 3,488.67 and Dow Jones Industrial Average DJIA falling 0.58% to 28,514.00. The stock’s rise snapped a two-day losing streak. 3M Co. closed $14.14 short of its 52-week high ($182.54), which the company achieved on January 14th.

The stock outperformed some of its competitors Wednesday, as Inc. AMZN fell 2.32% to $3,363.71, Johnson & Johnson JNJ fell 0.18% to $148.10, and Danaher Corp. DHR rose 0.41% to $226.55. Trading volume (1.4 M) remained 921,123 below its 50-day average volume of 2.4 M.